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cnbc.com
Red Lobster's Ultimate Endless Shrimp promotion is described as a 'car crash' for the company, lawsuit says
"Thai Union doubled down on a campaign to squeeze out every drop of value that it could," creditors said
cnbc.com
The memory shortage shaking Apple and Microsoft is 'existential crisis' for smaller players
While Apple and Microsoft raise prices on key devices to help cover the soaring costs of memory, smaller consumer electronics companies are in dire straits.
cnbc.com
SpaceX stock has cooled. Hiring for jobs in the space economy hasn't
The SpaceX IPO euphoria is over, but the bullish trend in space economy jobs remains in place within a labor market where many other sectors have slowed hiring.
bbc.co.uk
Free summer holiday sport sessions offered in city
The scheme will visit green spaces around Sheffield, with free food and drink also offered.
cnbc.com
U.S. strikes Iran after Trump accuses Tehran of ceasefire violation in Strait of Hormuz
The attack comes as the United States and Iran are supposed to be engaging in a 60-period of no hostilities as they hold talks to end their war.
cnbc.com
SpaceX to join the Nasdaq-100 in a fast-tracked process that will drive huge ETF buying demand
Adding SpaceX this quickly would make the Elon Musk company one of the first beneficiaries of Nasdaq's recently adopted fast-track inclusion framework.
cnbc.com
Straight women can’t get enough of gay romance stories like ‘Heated Rivalry’ and ‘Red, White & Royal Blue’
Women aren't the protagonists or love interests in a subgrenre of romance focused on gay men. Still, they're consuming these stories in droves.
cnbc.com
Berkshire CEO Greg Abel sworn in as U.S. citizen at baseball game
Abel, a longtime Iowa resident who was born in the Canadian city of Edmonton in 1962, was among the roughly two dozen people from 16 countries who participated in an annual naturalization ceremony hosted by the Iowa Cubs Thursday night in Des Moines.
theguardian.com
‘I’m missing out’: the cash-strapped UK university students forced to live at home
Experts say students from poorer backgrounds increasingly having to limit their options because of money worriesMost days, Mariam spends hours simply waiting.The 19-year-old University College London student often finishes her lectures by mid-morning but has careers events or society meetings in the evening. The three-hour round trip to her family home means travelling back and forth makes little sense, so she waits on campus instead. More often than not, by the time the event starts, she is too exhausted to stay long. Continue reading...
cnbc.com
Nvidia, Alphabet sit out megacap tech bounce as chip stocks sink
SoftBank Group plunged, leading a broad sell-off in Asian technology stocks amid mounting concerns over the rising cost of AI infrastructure.
theguardian.com
‘A sad inevitability’: after decades of climate warnings, why is Europe so unprepared for rising heat?
Scorching summer of 2003 triggered first efforts to deal with the problem but heatwaves still have devastating impactOn Wednesday, Pierre Masselot received a text from his daughter’s nursery – less than 50 miles from the weather station that was the first this week to break the UK June temperature record – asking parents to collect children early because the school buildings were about to get worryingly hot.Similar scenes were repeated across Europe this week as the continent swelters through its most severe and widespread heatwave on record – an oppressive force made hotter by carbon pollution and less bearable by repeated failures to prepare for it. France experienced its hottest day and night on record, while the UK and Switzerland both broke their heat records for a June day. Continue reading...
theguardian.com
Trump threatens 100% tariff on European countries that impose digital tax
US president says levy would be imposed immediately and supersede pre-existing trade deals with the country Donald Trump has threatened to place a 100% import tariff on any European country that imposes a tax on digital services from US companies.Writing on Truth Social on Friday, the US president said that “numerous European countries” had been discussing putting a digital services tax on American companies and that “some of these countries are close to actually doing this”. Continue reading...
theguardian.com
Here’s what to do if your StubHub World Cup resale ticket is canceled
World Cup StubHub ticket mess shows how weak consumer protections are in the US, but there are steps fans can takeA growing number of World Cup fans who thought they had bought tickets to matches on the ticket reseller StubHub were notified with just days or hours to spare that their tickets did not exist.Horror stories about stranded families, ruined once-in-a-lifetime trips, thousands of dollars squandered, and hang-ups on StubHub’s customer service line are flooding social media and local news. Continue reading...
cnbc.com
From concerts to train rides, bots are winning the ticket wars — but they're only part of the problem
From concerts to train reservations, automated bots have become the latest target in the fight against ticket scalping.
theguardian.com
‘Basically you’re trapped’: UK postgraduates burdened with double loan debt
Calls for reform to student loan system as those studying for a master’s can be left with ‘a life tax’Whether to pursue a master’s degree was not really a choice for Francesca Peters. Fresh from an undergraduate degree in biochemistry in 2020, she had set her sights on securing her dream job. There was a catch, however. The only route into her chosen field was further study – and more debt.She had finished university with more than £60,000 in student debt but another loan to fund her master’s meant this spiralled to £77,000. “It just feels like a life tax,” she says. “Because I’m never going to pay it off.” Continue reading...
theguardian.com
Parents booking air-conditioned hotels to keep babies safe in UK heatwave
Hotels report increase in last-minute bookings, including from families attempting to escape hot homesEurope heatwave: latest updatesFamilies, including parents with newborn babies, are booking air-conditioned rooms in hotels to escape the UK heatwave, with companies reporting a surge in demand.Data from the accommodation reservation website Booking.com shows that since 1 June, the share of searches using the “air-conditioning” filter has tripled across Great Britain coinciding with the latest heatwave in northern Europe. Continue reading...
theguardian.com
Two tickets for Wimbledon Centre Court? That’ll be £586,000 please
A pair of debenture tickets changed hands this week for a sum far beyond the means of ordinary tennis fansLike many of us, Marcos Ortega enters the Wimbledon public ticket ballot every year in the hope of seeing some championship tennis. In seven straight years of trying, however, he has never got lucky. So he was delighted – initially, at least – to learn there was a way to secure a ticket for every game played on Centre Court.But Ortega’s hopeful delight quickly turned to anger when he discovered that it would cost him £293,000. Continue reading...
theguardian.com
Social media bans go global: big tech faces a reckoning after Australia’s crackdown
As a host of countries move to rein in social media use by children, could this be technology’s big tobacco moment? Continue reading...
cnbc.com
Red-alert heatwaves are becoming Europe's new normal. Investors are paying attention
Temperature records were smashed across Europe this week, prompting several countries across the continent to issued high-level warnings about danger to life.
bbc.co.uk
Trump threatens 100% tariff on European nations over tech tax
The US president says "Numerous European countries" have been discussing bringing in such a levy.
cnbc.com
Trump admin allows Anthropic to release Mythos AI model to some companies, government agencies
Anthropic disabled access to its Fable 5 and Mythos 5 models to comply with a government export control directive citing "national security authorities."
bbc.co.uk
Three unusual things about the King's tax bill
King Charles paid £12.9m in tax for 2024-2025 - here's what we know about his unique tax situation.
cnbc.com
Oracle stock has worst week since 2001 dot-com bust as AI financing concerns escalate
Oracle's surging spending, negative free cash flow and $130 billion debt pile are weighing on the stock.
cnbc.com
China's Zhipu is closing in on top U.S. AI models with Anthropic and OpenAI held back
Zhipu's GLM 5.2 shows the AI fight is shifting to who delivers the most intelligence per dollar, making open source suddenly a real contender.
cnbc.com
Micron sinks 6%, wrapping a wild week of trading that saw big swings
Micron Technology's shares tumbled on Friday amid a global sell-off in chip stocks.
cnbc.com
Walmart heir Lukas Walton buys minority stake in the Chicago Bulls and United Center
Lukas Walton is the 39-year-old grandson of Walmart founder Sam Walton. He and his wife, Samantha, are residents of Chicago.
cnbc.com
Gavin Newsom calls for national billionaires tax: 'It's time for an economic reset'
California Gov. Gavin Newsom said he supports imposing "a true minimum tax on billionaires" and closing "tax-free lifestyle loan" loopholes for the rich.
cnbc.com
ON Semiconductor records worst day since 2020 as CEO defends Synaptics deal
The pivot into physical AI grows On Semi's addressable market by an additional $30 billion, the company said.
theguardian.com
Europeans voice concerns amid sweltering heatwave - video
European residents and tourists voiced their concerns over soaring temperatures as the continent continues to grapple with 'the most severe and widespread' heatwave ever. In summer 2022, more than 60,000 people died due to heat in Europe, and the current heatwave is already disrupting lives and livelihoodsEuropean heatwave is worst ever and impossible without climate crisis, scientists say Continue reading...
cnbc.com
Trump threatens 100% tariffs on countries putting 'Digital Services Tax on American Companies'
"This TARIFF will supersede Trade Deals made with the Country, whether implemented, signed, or not," President Donald Trump wrote in a Truth Social post.
cnbc.com
Rubio says Israel, Lebanon reach framework agreement aimed at 'lasting peace and security'
Israel and Lebanon agreed to implement a ceasefire. But that is contingent on the paramilitary group Hezbollah agreeing to halt hostilities.
cnbc.com
Trump eases pressure on Fed Chairman Kevin Warsh as inflation tops 4%
President Donald Trump's economic advisors are giving Warsh space, as the new Fed chairman, on interest rates as the president repeats calls to cut.
theguardian.com
Now we know how much tax King Charles pays, and it is very little
The monarch’s declaration does not tell us much, except that his bill is lower than for people with much smaller fortunesThe veil of secrecy that surrounds the royal finances was nudged aside a little on Thursday to allow the release of a new piece of information. We learned for the first time how much the king’s annual tax bill comes to.This was not a full tax return. It was a two-sentence declaration, stating his tax payable amounted to £12.9m in 2024-25, and a slightly smaller sum the year before. His total tax payable since accession comes to £30m. Continue reading...
cnbc.com
OpenAI hasn't held pre-IPO investor meetings or set timeline yet, sources say
OpenAI said it confidentially filed its prospectus with the SEC earlier this month, but noted it "may be a while" before it goes public.
theguardian.com
Andy Burnham says he will give 15% of his MP’s pay to local causes
New member for Makerfield and expected next prime minister joins other MPs who donate some or all of their payAndy Burnham has said he will be donating 15% of his MP’s salary to local causes in his constituency of Makerfield.An MP’s salary currently stands at £98,599 and a number of MPs donate all or part of their salary to charities and causes in the areas they represent. Continue reading...
bbc.co.uk
New ISA and Lifetime ISA changes explained
In this week’s episode, there’s a deep dive into first-time buyer savings, with a special focus on Lifetime ISAs.
theguardian.com
The Guardian view on royal tax secrecy: it survives King Charles’s latest disclosure | Editorial
The monarch says how much he pays the Treasury but did not reveal the wealth behind it. Britain still lacks proper scrutiny of royal cashKing Charles has become Britain’s first monarch in modern times to reveal how much tax he pays on his private income: £24.6m over the past two years. This is not a victory for transparency but a win for those who wish to keep the curtain drawn firmly over the royal finances.What is presented as a radical move is in fact more obfuscation. The monarch says he has paid millions in tax, but has not disclosed the income, gains or deductions behind the bill. The royals are funded by taking a cut of crown estate profits – public money that would otherwise go to the Treasury. That amount is decided by three royal trustees: the prime minister, the chancellor and the keeper of the privy purse.Do you have an opinion on the issues raised in this article? If you would like to submit a response of up to 300 words by email to be considered for publication in our letters section, please click here. Continue reading...
cnbc.com
OpenAI limits new AI models to 'trusted partners' at request of U.S. government
OpenAI said it previewed the new models' capabilities with the government ahead of the launch.
theguardian.com
The king, his millions, and the first public royal tax bill – The Latest
King Charles has become the first monarch in modern times to reveal how much tax he pays on his private income: £24.6m over the last two years.The move comes after years of calls for the monarch to be more open with the public about the royal finances. Some are heralding this as a new era of transparency – but just how open has the revelation been?Lucy Hough speaks to our European financial affairs editor, Juliette Garside Continue reading...
cnbc.com
Minneapolis Fed President Neel Kashkari says he expects a rate hike this year
Kashkari said he sees a hike likely this year as the economy continues to feel the hit from spiking inflation.
theguardian.com
VW plans to cut up to 100,000 jobs and shut plants, report says
German firm reportedly considering doubling previously announced staff reductions amid Chinese competitionBusiness live – latest updatesGermany’s Volkswagen is to cut up to 100,000 jobs and reduce and eventually stop production at some plants, according to reports.The company has refused to comment on reports of a management presentation at a board meeting outlining dramatic cost cutting, but if it goes ahead it would mean Volkswagen doubling previously announced staff reductions. Continue reading...
cnbc.com
Billionaire investor Jeremy Grantham says bitcoin will 'dwindle away with a whimper'
Jeremy Grantham renewed his long-running criticism of bitcoin, predicting it will gradually fade into irrelevance over decades.
theguardian.com
OpenAI staggers AI model release after Trump administration request
Sam Altman announces limited preview of GPT 5.6 in move that echoes launch of Anthropic’s MythosBusiness live – latest updatesOpenAI is staggering the release of its latest AI model after a request from the US government, in a move echoing the launch of Anthropic’s Mythos product.The company behind ChatGPT signalled its dissatisfaction with the move, saying that doing so keeps the best AI tools from “users, developers, enterprises, cyber defenders, and global partners who need them”. Continue reading...
theguardian.com
‘Fork in the road’: CEO of Amazon-backed Rivian on why carmakers need to invest in EVs
RJ Scaringe says firms focused on selling fossil fuel engines risk being ‘woefully behind’ on technology by end of decadeCarmakers that focus on selling fossil fuel engines are at risk of being “woefully behind” on technology by the end of the decade, according to the boss of Rivian, an Amazon-backed US electric carmaker.RJ Scaringe, Rivian’s founder and chief executive, said the car industry has reached a “fork in the road” in the choice between short-term profits and the heavy investments, particularly in software, that will be required to survive. Continue reading...
bbc.co.uk
What's happening to petrol prices now oil is back to pre-Iran war levels?
When the conflict began on 28 February, fuel costs jumped as the war disrupted the production and transportation of energy across the Middle East.
bbc.co.uk
How do you escape an overdraft?
How do you escape an overdraft? Finance expert Ioan Bain explains
theguardian.com
‘Make people dream’: how to build an economy for the common good
Economist Prof Mariana Mazzucato says governments must ‘get back their mojo’ and believe they can change the world Good governments have a vision. They know what they want to achieve, can articulate why, and work out in public how to get there. They don’t just spout slogans about economic growth – because growth is meaningless unless we know what it is for. They understand that there is no trade-off between solving social problems and boosting the economy, and aim to do both, while avoiding rigid fiscal rules that defeat their own purpose by strangling public investment.If this sounds like a critique of what went wrong with Keir Starmer’s government, it is also a lot more. Mariana Mazzucato, a professor in the economics of innovation and public value at University College London, is a world-renowned economist, adviser to governments, chair of international commissions, prolific author, and PhD supervisor to at least one poet. She was the thinker who inspired Starmer to fashion his political project around five key “missions”, now largely forgotten in the mire of scandals, U-turns and infighting that beset his premiership. Continue reading...
theguardian.com
Rotisserie chickens in the trash: I worked in a supermarket and saw shocking food waste every day | Ann Larson
Stores over-stock their shelves, then toss out what they don’t sell. Meanwhile, workers struggle to make ends meetTo most grocery shoppers, rotisserie chickens look like a mouth-watering and easy option for dinner. But whenever I pass by the rotisserie case in a supermarket, I see chicken carcasses piled up in the trash, their once glistening juices congealing into a slimy jelly. It all started when I was working as a cashier in a chain supermarket. One day, I was chatting with a colleague about the behind-the-scenes secrets that shoppers didn’t see. The deli employee said, “Last night we tossed out about sixteen birds.” He explained that managers wanted the rotisserie chicken case to be full at all times because a full case looked appetizing, while a half empty one looked sad. Keeping the case full was an all-day affair. Workers arrived before dawn to season and roast dozens of birds. (One employee burned his arm while maneuvering chickens into the oven. He quit soon after.)The seasoning and roasting continued throughout the day. As birds disappeared from the display case, workers replaced them. Finally, the store closed, and the leftover chickens were thrown out.Ann Larson is the author of Cleanup on Aisle Five: Essential Work, Poverty Wages, and the View from Behind the Supermarket Register. She is a fellow with the Economic Hardship Reporting Project. Continue reading...
theguardian.com
At last, an economic policy we can all get behind – doubling the royal family’s funding | Marina Hyde
But with rumours about a certain workshy Windsor circulating this week, are we actually encouraging joblessness with an overly generous safety net?Finally, some part of our struggling state is getting a massive budget increase – and it’s not even the welfare bill, like normal. Or maybe it is? The monarchy’s core funding is going to double to £100m. Also mentioned under cover of the same info dump is the fact that the refurbishment of Buckingham Palace is currently coming in at £369m, but the King and Queen don’t want to live there when it’s done.Personally, I’m a big fan of the gaiety the Windsors add to this nation, willingly or otherwise, but I do worry: are we enabling a culture of dependence that isn’t actually great for any of the people involved? Does the royal economy need rebalancing, if it is simply impossible to own an absolutely vast private network of land and high-end properties without somehow still needing a top-up from the state? You’ve heard of the poverty trap – will no one think of the royalty trap?Marina Hyde’s new book, What a Time to Be Alive!, is out in September (Guardian Faber Publishing, £20). To support the Guardian, order your signed copy at guardianbookshop.com. Delivery charges may applyMarina Hyde is a Guardian columnistDo you have an opinion on the issues raised in this article? If you would like to submit a response of up to 300 words by email to be considered for publication in our letters section, please click here. Continue reading...
theguardian.com
Revolut pushes new recruits into office in shift from ‘remote-first’ policy
Hundreds of graduates and interns at finance firm will now have to work in office at least three days a weekBusiness live – latest updatesRevolut will haul hundreds of graduates and interns into the office next year, as the digital bank moves away from its “remote-first” policy that has long been used to lure new recruits.The London-headquartered fintech company had previously allowed its young trainees to choose whether to work from home or Revolut’s offices, reflecting flexible working arrangements offered to all other staff. That included the option of working abroad for 120 days of the year, with the company saying it trusts employees to “explore new cultures while staying productive and connected”. Continue reading...
cnbc.com
'The cult of Elon': SpaceX investors grapple with volatility amid big swings
SpaceX stock has seen big spikes and drop in its opening two weeks as a public company.
cnbc.com
Volkswagen plans to cut 15% of its workforce and close four German plants, report says
Auto giant Volkswagen is reportedly planning to cut 100,000 jobs and end production at four German plants over the coming years.
bbc.co.uk
Record temperatures drives up home air conditioning sales
Companies see inquiries surge during heatwaves as UK households look to cool down their homes.
bbc.co.uk
Who could be the UK's next chancellor?
The prime minister's resignation has fired the starting gun on the race to be in charge of the UK's finances.
bbc.co.uk
The abundant but expensive energy source that's under your feet
Start-ups are taking fresh approaches to geothermal energy, but will the economics work?
theguardian.com
First major hydropower projects in Great Britain in 40 years given go-ahead
Three pumped storage hydroelectric power station sites in Scotland on list of 16 long-duration electricity storage plansBusiness live – latest updatesGreat Britain’s first new major hydropower projects in more than 40 years are expected to move ahead after the energy regulator gave a provisional green light to three proposals as part of a plan to reduce the country’s reliance on energy imports.All three of the new pumped storage hydroelectric power station projects are due to be built in northern Scotland, where the region’s lochs will act as natural reservoirs to serve the hydropower stations. Continue reading...
theguardian.com
Ignore the miserabilists: Andy Burnham as PM is a moment when things really can get better | Polly Toynbee
He’s the only person who can keep Nigel Farage out of Downing Street, so let’s embrace his unique blend of optimism and realismAs Keir Starmer bid a brief and emotional farewell at that pillory of a lectern, there was a moment for some to ask: what have we done, and why? He’s not a bad man, not a Boris Johnson or Liz Truss rogue prime minister. How decadent, if lack of charisma has become a sacking offence.But the reason why isn’t written in Westminster. It’s there in councils up and down the country where the hard-right Reform UK troopers swept through last month, from Barnsley to East Sussex. Look north, where Sunderland has 58 Reform councillors to Labour’s five. Look next door at South Tyneside, where Labour was nearly wiped out, left with only one councillor. Many Labour MPs now find themselves all but alone, their local parties hollowed out in an alien sea of Reform. Here’s why it matters beyond the green benches, beyond MPs’ personal careers, out in the very real world where services are (or aren’t) delivered locally. Continue reading...
theguardian.com
Heathrow expects fall in passengers and profits this year because of Iran war
Airport has also been ‘engaging closely’ with regulator to discuss cost of plan to build third runwayBusiness live – latest updatesHeathrow has said that passenger numbers and profits will fall this year because of the war in the Middle East.Europe’s busiest airport said it expected a 1.1% decline in the total number of passengers to 83.6 million as the Iran war affects air travel. Continue reading...
theguardian.com
Mexico’s new UK ambassador from ‘party of poor’ has 10 houses and £1m of jewellery
Alejandro Gertz Manero’s cars and properties contrast starkly with Morena party’s long association with austerityWith his million-dollar jewellery collection and his two Rolls-Royces, Mexico’s new ambassador to the UK will fit right in with the Mayfair crowd.Former attorney general Alejandro Gertz Manero was appointed to the post by President Claudia Sheinbaum last year, but only recently disclosed his financial assets. Continue reading...
bbc.co.uk
Asia stock markets slide as tech shares slump
Trading on South Korea's Kospi index was halted for the third time this week to prevent panic selling.
theguardian.com
How much? The hidden costs of restaurant dishes
Two chefs lift the lid on the expensive business of creating menus they loveYou pay: £21 Restaurant profit: £1.65 Continue reading...
theguardian.com
‘Slough is like an experiment’: Europe’s largest datacentre hub leaves town sweltering
Emerging research suggests datacentres create a heat island effect, pushing up temperatures in the immediate vicinity by as much as 9C The community living next to the largest datacentre park in Europe say the scorching summer heat has grown unbearable.On days like Wednesday, said Nabeel Nawaz, the store manager of a Chaiiwala franchise in the centre of Slough, the heat is like something “pinching your body and burning your skin”. Continue reading...
cnbc.com
U.S.-Iran peace deal grants access to Tehran's nuclear sites, UN watchdog says
"The technical work has started, and we hope to be there soon," IAEA chief Rafael Grossi said at a news conference in Japan on Friday.
theguardian.com
Homes for sale near lidos, lakes and ponds in England and Scotland – in pictures
From a London tower near reservoirs to a Plymouth townhouse close to a historic saltwater lido Continue reading...
theguardian.com
Do new Isa rules mean I have to pay tax?
Changes due to take effect next year for stocks and shares Isas have become clearer, prompting concernThe way you can invest in Isas will change next April, and for under-65s that will mean a reduced limit on the amount of money that can be saved tax-free in a cash Isa.This week, the new rules became clearer, prompting concern among investors that they may have to pay tax on some of their holdings. Continue reading...
cnbc.com
NBA targets Asian resurgence with technology and talent push
Southeast Asia has emerged as one of the NBA's fastest-growing markets for fan engagement, making the region a focal point for both player development and business expansion.
bbc.co.uk
Charity celebrates 50 years of 'transformative' holidays
Sheffield Family Holiday Fund provide much-needed holidays for families facing adversity.
theguardian.com
Porsche magnate puts historic Salzburg villa up for sale after row over private ‘tunnel for one’
Plans by Wolfgang Porsche to bore private 500-metre road link through Austrian hill caused anger among localsWolfgang Porsche, the Austrian-German automotive magnate, appears to have abandoned plans to build a private 500-metre tunnel for his cars through the Salzburg hills after a public uproar over the “tunnel for one”.In 2020, Porsche bought a storied 17th-century villa on the outskirts of Salzburg for €8.4m (£7.2m), and last autumn he secured permission from the city authorities for an estimated €10m private access road through the rugged limestone hill. Continue reading...
theguardian.com
Fossil fuel price surges can lead to worse air quality, study finds
Researchers find increases in toxic chemical in the air in some areas as people switch to cheaper wood burningNew research shows that the unreliability of fossil fuel supply chains and consequential price surges can lead to deterioration in air quality as people change their consumption behaviour.The conflict in Ukraine has had well-documented impacts on the immediate environment. Fires from destroyed buildings and industry, movement of military vehicles and extensive wildfires have added to air pollution. The war also disrupted energy supplies and increased fossil gas prices in Europe, spreading the impacts far beyond the conflict zone. Continue reading...
theguardian.com
Too hot for work: why extreme heat is a threat to Europe’s productivity
High temperatures make some workplaces dangerous, with economists warning disruption will dent growthMonique Mosley is used to sweltering conditions at the food factory in Yorkshire where she works, but June’s record-breaking heatwave has made conditions unbearable. “We make hot filled food products and it’s common that we see temperatures in the high 30s,” she said. “Thanks to our union, our employer is offering extra breaks, but not every workplace is the same.”The latest heatwave to grip the UK and much of western Europe has presented significant challenges to employers and their employees, from sweltering offices, disrupted commutes and school closures to dangerous construction sites where workers are at risk of dehydration, heatstroke and other injury. Continue reading...
theguardian.com
UN agency pauses ship evacuations through strait of Hormuz after vessel struck
International Maritime Organization says safety guarantees must be confirmed before ships can move againA United Nations agency has paused the evacuation of ships through the strait of Hormuz after the British military said a vessel was hit by a projectile off the coast of Oman following the passage of several tankers that used a route backed by the UN.The head of the UN’s International Maritime Organization said on Thursday that the plan to move stranded ships out of the Persian Gulf through the strait would be on hold until the agency could confirm safety guarantees for the ships on the evacuation list and in the region. Continue reading...
theguardian.com
Brexit: An Oral History – podcast
This week marked 10 years since the UK chose to leave the EU. In a series of interviews with key players from both sides, Kiran Stacey looks back on the Brexit vote that changed the country foreverRead the Guardian’s full article on Brexit here Continue reading...
theguardian.com
‘Kind of miracle solution’: How Paris is harnessing the Seine to replace air-con
City plans to triple system of underground pipes that distribute chilled river water, reducing need for individual cooling unitsAs heatwaves intensify across Europe, most cities are reaching for a familiar fix of more air conditioning. But in 1990s Paris, planning began for a different kind of solution: one of the world’s largest district cooling networks.The system has 120kms (75-miles) of underground pipes distributing chilled water to museums, offices, hospitals, schools and other public buildings including the Louvre, the Grand Palais, and some luxury hotels and office districts. Instead of thousands of individual air-conditioning units, cooling is produced centrally and shared across the city like a utility. Continue reading...
bbc.co.uk
Power banks and vapes now biggest fire risk on planes
Lithium battery fires are the number one safety risk to aircraft, yet the number of devices found in hold bags has nearly doubled in a year.
bbc.co.uk
Teens who hacked TfL were known to police years before cyber-attack
Owen Flowers and Thalha Jubair were convicted for their roles in the attack, which led to large costs for Transport for London.
bbc.co.uk
I'm back at home again after uni - here's how I'm making it work
Rising costs are forcing more young adults to live with their parents, here's how not to come to blows.
theguardian.com
King Charles’s tax bill: what did we learn, and what is still in the dark?
We know the monarch paid £24.6m in tax over the last two years, but we still don’t know how wealthy he actually isCrown estate makes more than £1bn profit for third year runningKing and Queen will not live at Buckingham Palace after £369m refitKing Charles has become Britain’s first monarch in modern times to reveal how much tax he pays on his private income: £24.6m over the last two years.It’s a move celebrated by some as heralding an era of greater transparency from the monarchy. But just how open has it been? Continue reading...
theguardian.com
Crown estate makes more than £1bn profit for third year running
King Charles’s property management firm rakes in £1.2bn as it continues to benefit from offshore windfarm boomKing Charles’s tax bill: what did we learn and what is still in the dark?King and Queen will not live at Buckingham Palace after £369m refitKing Charles’s property management company has made more than £1bn for the third consecutive year thanks to the boom in offshore windfarms paid for through energy bills.The crown estate, the royals’ portfolio of land and property, reported £1.2bn in profit for the last financial year, almost three times the amount it made three years ago. Two-thirds came from the offshore wind industry. Continue reading...
bbc.co.uk
Apple hikes some prices by nearly 20% while Xbox raises console cost
Apple said it had "never seen a component price increase this much, this quickly".
theguardian.com
‘Act on the evidence outside the window’: Andy Burnham urged to stick to net zero targets if he becomes PM
Burnham is coming under pressure from some to ditch net zero targets but this could be highly damaging on many levelsUK politics live – latest updatesBritain’s net zero economy is booming. The sector is worth £100bn a year to the UK, has outpaced other sectors, and supports higher-paying jobs than the average.For a union leader to suggest that the man who has overseen this impressive record – the energy secretary, Ed Miliband – would be a “noose around the neck” of job creation, as Unite’s Sharon Graham has done, might seem extraordinary. Continue reading...
bbc.co.uk
Reeves urges Burnham to 'stick to what I'm doing' on economy
The chancellor throws her support behind the MP for Makerfield despite reports he could demote her if he becomes PM.
bbc.co.uk
Oil price falls back to pre-Iran war levels
Signs that traffic through the key Strait of Hormuz shipping route is gradually resuming has helped to push the oil price down.
bbc.co.uk
Rethink
Could the US dollar lose its number one status?
cnbc.com
Iran's neighbor, U.S. ally: What Pakistan gains from being a peacemaker
Pakistan's efforts to bring an end to the conflict in the Middle East are driven by the need to avoid a spillover across its borders.
bbc.co.uk
Ryanair says it will reluctantly not charge parents to sit next to children
The airline had typically charged adults a fee of £8 each way to sit with their young children.
bbc.co.uk
Ferrari marketing boss quits just weeks after EV launch backlash
The design of the luxury carmaker's first all-electric vehicle, the Luce, was heavily criticised.
theguardian.com
Why we're paying more for locally grown food than imports – video
British apples grown at home are often more expensive than apples shipped from countries thousands of miles away. And it's not just apples. Bananas, which are virtually all imported from tropical countries, are consistently the cheapest fruit available per kilogram on UK supermarket shelves. Josh Toussaint-Strauss investigates the peculiar economics of supermarket fruit, and discovers there are many aspects of our food supply system that don’t appear to make much sense Continue reading...
bbc.co.uk
How you can save money on your energy bill as debts rise
Experts say support is available as total debt and arrears to suppliers hit a new record.
bbc.co.uk
EasyJet rejects fourth takeover offer
The airline is questioning the "deliverability" of the offer.
bbc.co.uk
Food kit warehouse closure puts 290 jobs at risk
Food company Gousto says it is closing its warehouse in Spalding, Lincolnshire.
theguardian.com
Tell us: are you trying to buy or sell a flat in the UK?
We’d like to hear from people in the UK about their experiences of trying to buy or sell a flat in recent months. Have there been any issues?Getting on the property ladder is an achievement in Britain but for some flat-owners the home-ownership dream has turned sour.High service charges, fire safety issues, and onerous leasehold conditions are among the issues that have affected flat valuations over the past decade. There are reports of owners, particularly in London, currently selling at a loss. Continue reading...
bbc.co.uk
IBM hails new 'block of flats' design breakthrough for ultra tiny chips
IBM says it has created the world's first known chip tech below 1 nanometre - but it will be some time before it's ready for production.
bbc.co.uk
Find out which university degrees could earn you most across your lifetime
New data suggests which university degrees have the highest and lowest financial returns over a lifetime.
bbc.co.uk
Price cuts on family summer days out come into force
The government is reducing VAT from 20% to 5% on attractions and kids' meals as schools begin to break-up.
bbc.co.uk
GTA 6 - all you need to know about Rockstar's blockbuster game
Rockstar's sixth game in the franchise is set to be the biggest game release of the year.
bbc.co.uk
I've spent 30 years in recruitment - this is how to get a job
The recruitment agency boss shares his tips on getting noticed in a tougher jobs market.
bbc.co.uk
The heatwave workers 'like cats on a hot tin roof'
Many workers are downing tools early, but there is no legal limit to how hot a workplace can be.
bbc.co.uk
Anthropic accuses Chinese rival Alibaba of illicitly extracting AI capabilities
The firm alleged that Alibaba used fraudulent accounts to access data from its Claude AI model.
cnbc.com
The biggest wealth transfer in history is here: How the next generation will spend the trillions
The greatest wealth transfer is underway, and heirs who are set to inherit are preparing to use the money very differently from the generations that built it.
bbc.co.uk
The legal fight to get equal pay for Germany's disabled workers
A test case is seeking the minimum wage for 300,000 disabled people who currently get paid less.
bbc.co.uk
Baroness Mone among individuals sued to recover PPE Medpro millions
The Baroness and her husband Doug Barrowman are among individuals being sued in a bid to recover some of the money owed to the government by the business.
theguardian.com
‘A real difference’: how community hubs help local people fight rising living costs
More locations are offering debt advice, health services, cafes, social activities and support under one roofShortly before lunchtime in a London community centre, older visitors are chatting over coffee and crosswords as young families drift in and out. Kitchen volunteers from the Real Junk Food Project are preparing lunch at a “pay as you feel” cafe, using food that would otherwise have ended up in the bin.Conversations inside the Victorian building at the East Twickenham Neighbourhood Association (ETNA) community centre range from financial advice to digital support, via childcare and legal services. There are counselling drop-ins and self-help groups, while down the corridor yoga is about to start. Over the course of the day, it all builds a picture of what community hubs offer local people. Continue reading...
bbc.co.uk
Business Daily
Luis von Ahn co-founded the #1 language app after selling reCAPTCHA to Google
bbc.co.uk
Do you know your 'sweat score'? The rise of hydration tech
Hydration tracking gadgets are flooding the market but is it too much information?
bbc.co.uk
Is Germany looking again at coal-powered electricity?
It had planned to abandon the fuel, but the higher cost of natural gas may make it think again.
bbc.co.uk
The artificial ice pyramids saving India's mountain villages
Himalayan villages are creating artificial glaciers to guarantee water for their crops in the spring.
bbc.co.uk
'We had to get out of the way': The backlash over delivery robots
As the delivery vehicles increasing take to US streets, bans and protest groups are springing up.
bbc.co.uk
What is Helium-3 and could we get it from the moon?
Helium-3 is expensive and demand is forecast to soar, so some are planning to mine it on the moon.
bbc.co.uk
Why I sold my business to my staff
As more US company owners reach retirement age many are selling up to their employees.
bbc.co.uk
India's 'blue gold' starts a new drinks industry
Agave plants grow wild in India and new distillers are using them to create a spirits industry.
bbc.co.uk
The furious dispute over what caused Air India flight 171 to crash
The final conclusions of the investigation have yet to be published, although more could become apparent in the coming days.
bbc.co.uk
New candy stores are popping up across NYC. Why?
While US consumer confidence is at an historic low the Big Apple's sweet shops are expanding.
bbc.co.uk
Could humanoid robots be heading for the battlefield?
Armed forces are experimenting with humanoid robots, but battlefield deployment is some way off.
bbc.co.uk
Spain's visitor numbers hit new highs as tourists avoid Middle East
The European country had 9.1 million international visitors in April, the most ever for that month.
bbc.co.uk
How the High Street became a window on our political instability
High Streets have declined in recent years. What does this tell us about the UK?
bbc.co.uk
The £5 coffee that tells a story of global economic turmoil
Coffees at some city centre outlets now cost £5. It's a story of tariffs, the climate, Gen Z cultural tastes, and savvy coffee farmers playing the market, writes Faisal Islam
bbc.co.uk
The threat to summer holidays looming from jet fuel shortages
What impact might shortages have on our summer holidays - and what could be done about it?
bbc.co.uk
Scammers are becoming ever more sophisticated - this is what the fightback looks like
Scams have exploded over the last few years. Can countries and companies come together to turn the tables on the scammers?
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